{"id":21747,"date":"2026-08-06T01:14:59","date_gmt":"2026-08-06T00:14:59","guid":{"rendered":"https:\/\/maritimafrica.com\/en\/?p=21747"},"modified":"2026-08-06T01:14:59","modified_gmt":"2026-08-06T00:14:59","slug":"parliament-ratifies-shipping-joint-venture-agreement-as-sierra-leone-moves-to-establish-a-national-carrier","status":"publish","type":"post","link":"https:\/\/maritimafrica.com\/en\/parliament-ratifies-shipping-joint-venture-agreement-as-sierra-leone-moves-to-establish-a-national-carrier\/","title":{"rendered":"Parliament Ratifies Shipping Joint Venture Agreement; As Sierra Leone Moves to Establish a National Carrier"},"content":{"rendered":"<p><a href=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/08\/763966044_1361648626146025_2590271482608442730_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-21748\" src=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/08\/763966044_1361648626146025_2590271482608442730_n.jpg\" alt=\"\" width=\"2048\" height=\"1108\" srcset=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/08\/763966044_1361648626146025_2590271482608442730_n.jpg 2048w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/08\/763966044_1361648626146025_2590271482608442730_n-300x162.jpg 300w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/08\/763966044_1361648626146025_2590271482608442730_n-1024x554.jpg 1024w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/08\/763966044_1361648626146025_2590271482608442730_n-768x416.jpg 768w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2026\/08\/763966044_1361648626146025_2590271482608442730_n-1536x831.jpg 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Sierra Leone has taken a decisive step towards revitalising its maritime industry following Parliament\u2019s ratification of the Joint Venture Agreement between the Sierra Leone National Shipping Agency (SLNSA) and Zhejiang Xiehai Group Co. Ltd. of the People\u2019s Republic of China, paving the way for the establishment of the Sierra Leone Ocean Shipping Company (SLOSCo).<\/p>\n<p style=\"text-align: justify;\">The landmark parliamentary approval represents a significant milestone in the Government\u2019s efforts to restore a national shipping carrier and strengthen Sierra Leone\u2019s participation in regional and international maritime trade. The initiative is expected to create employment opportunities, attract foreign direct investment, enhance maritime logistics and improve the country\u2019s competitiveness within the global shipping industry.<\/p>\n<p style=\"text-align: justify;\">The joint venture forms part of the Government\u2019s broader agenda to maximise the economic benefits of Sierra Leone\u2019s growing import and export trade while reducing reliance on foreign shipping operators. Once operational, the Sierra Leone Ocean Shipping Company will provide the country with a national carrier capable of supporting trade facilitation, expanding shipping capacity and retaining greater value from goods transported to and from Sierra Leone.<\/p>\n<p style=\"text-align: justify;\">Speaking after Parliament ratified the agreement, the Minister of Transport and Aviation, Ambassador Col. (Rtd.) Alhaji Fanday Turay Esq., described the approval as a historic achievement that signals a new chapter for Sierra Leone\u2019s maritime sector.<\/p>\n<p style=\"text-align: justify;\">\u201cThis is a defining moment for our country\u2019s maritime industry. The establishment of the Sierra Leone Ocean Shipping Company reflects the Government\u2019s unwavering commitment to restoring a national carrier that will strengthen international trade, create employment for our citizens, build local maritime capacity and contribute significantly to national economic growth,\u201d he said.<\/p>\n<p style=\"text-align: justify;\">Minister Turay noted that the partnership between the Sierra Leone National Shipping Agency and Zhejiang Xiehai Group Co. Ltd. demonstrates Government\u2019s commitment to forging strategic international partnerships that deliver sustainable economic benefits while supporting national development priorities.<\/p>\n<p style=\"text-align: justify;\">He emphasised that the new shipping company will contribute to strengthening Sierra Leone\u2019s maritime infrastructure, improving shipping services, facilitating more efficient movement of cargo and positioning the country to compete more effectively within the global maritime industry.<\/p>\n<p style=\"text-align: justify;\">\u201cThe establishment of SLOSCo is not merely about owning ships; it is about creating opportunities for Sierra Leoneans, promoting skills development, increasing investment in the maritime sector and ensuring that our nation captures greater value from its international trade,\u201d the Minister added.<\/p>\n<p style=\"text-align: justify;\">He commended Members of Parliament for their overwhelming support for the agreement and expressed appreciation to the leadership of the Sierra Leone National Shipping Agency, Zhejiang Xiehai Group Co. Ltd. and all stakeholders whose collaboration made the initiative possible.<\/p>\n<p style=\"text-align: justify;\">The establishment of the Sierra Leone Ocean Shipping Company is expected to support the Government\u2019s Blue Economy agenda by expanding commercial shipping operations, enhancing trade connectivity, generating employment for maritime professionals and strengthening Sierra Leone\u2019s position as an emerging maritime hub in West Africa.<\/p>\n<p style=\"text-align: justify;\">With parliamentary approval now secured, Government is expected to begin implementing the joint venture agreement, marking the start of a new era for Sierra Leone\u2019s maritime sector and reinforcing its commitment to building a resilient, competitive and globally connected shipping industry.<\/p>\n<p style=\"text-align: justify;\">Source : Comms Unit, MoTA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sierra Leone has taken a decisive step towards revitalising its<\/p>\n","protected":false},"author":1,"featured_media":21748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,442,2053],"tags":[1493,2687,31,32,1485,1297,1388,45,2052],"class_list":["post-21747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-news","category-sierra-leone","tag-africa-en","tag-daily-news","tag-maritimafrica","tag-maritime","tag-maritime-in-africa","tag-maritime-industry-en","tag-news","tag-shipping-en","tag-sierra-leone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Parliament Ratifies Shipping Joint Venture Agreement; 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